New Century Logistics (BVI) (NASDAQ:NCEW) Shares Up 4.2% – Here’s Why

New Century Logistics (BVI) Limited (NASDAQ:NCEW) rose 4.2% on Friday . The stock traded as high as $8.81 and last traded at $8.96. Approximately 1,832 shares were traded during trading, a decline of 64% from the average daily volume of 5,053 shares. The stock had previously closed at $8.60.

New Century Logistics (BVI) Stock Up 4.2%

The stock has a fifty day moving average price of $7.75 and a 200-day moving average price of $5.67. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.02.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).